L+M, Taconic, BRP, others borrow $242M to build Harlem development

BRP Companies, Dabar Development, L+M Development Partners, Taconic Investment Partners and Prusik Group through the entity 125 W 125th Street Office Owner LLC (and others) as borrower signed a loan agreement with Goldman Sachs and others valued at $242 million for eight condominium parcels at 125 West 125th Street in Central Harlem. The deal closed on July 30, 2020 and was recorded on September 2, 2020.

The total loan package is $242 million with $188 million of that coming from Goldman Sachs, according to the Commercial Observer.

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